BANGKOK: State-owned Krung Thai Bank (KTB) recently reported a sharp rise in its non-performing loans (NPLs), but it is an isolated case and the Thai banking sector overall is improving steadily, Standard & Poor’s (S&P) said.
The rating agency said in a statement that it was maintaining its stable outlook for the Thai banking sector and welcomed regulator Bank of Thailand’s (BoT) move to tighten up on loan classification.
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